Laurence D. Fink Quotes

Laurence D. Fink

American Businessman

Born: Nov 2, 1952

Am Debate Look Money World You

Related authors: Bill Gates Henry Ford Jim Rohn Les Brown Peter Drucker Stephen Covey Steve Jobs Warren Buffett

What Wall Street is, they're market makers. Wall Street's business model is making money on velocity of money. They're a click industry. That's what Wall Street is. They make a lot of money when there's a lot of turnover. And they make a lot of money when that velocity is fast. Laurence D. Fink

Business Money Market Velocity Make Industry Click Makers Making Making Money Lot Model Wall Wall Street Turnover Business Model Fast Street

Social Security is an insurance policy. It's a terrible investment vehicle. Social Security has some great benefits. But it was never meant to be a savings plan. So we need to have a national debate. Should this 12.5 percent that we're contributing all go into a Social Security pool, or should half go into a mandatory savings plan? Laurence D. Fink

Great Benefits Debate Half National Mandatory Pool Savings Security Some Percent Never Investment Vehicle Terrible Policy Insurance Go Contributing Social Plan Should Meant Meant To Be Social Security Need

I personally have said many times I'd be a hundred percent in equities. That fits my risk profile and my views of the world, though obviously it's not appropriate for everyone. Most investors need a more diversified portfolio. Laurence D. Fink

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